Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Won the title of Chinese First League, going to play in CSL. Chongqing Lifan is supposed to have a nice memory in 2014.When the boss of Lifan,Yin minshan announced the quit ,everyone was left in shock.
LiFan’s failure of getting through financial crisis was identified as the main reason which trigger the withdraw. According to the rules of CSL, every CSL team has to deposit 200 million RMB at least. And Yin , as a giant in China automobile and motorbike industry , tried to sell his football club from 2011, now putting his foot down.
According to Lifan Group, the transfer fee is no less than 150 million RMB, and the team should be kept still in Chongqing.These are two conditions Yin minshan insist on.
JD.com, Chang`an Automobile and Sunac China Holdings all showed their interest in taking over the club, and then be ruled out from the list of “buyers”.
Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Related coverage
China's Lander changes firm's name, now a sports business
21 Aug 2015
Beijing Sinobo Guoan set up U15 and U14 teams
26 Jul 2017
Dwyane Wade launches his own wine label in China
24 Jul 2015
28 Jun 2015
Ledman Optoelectronic plans RMB500m sports industry fund
16 Jul 2015
More from Yutang Sports
SPORTACCORD 2024 INSIGHTS: How Gaming is Changing our World
07 May 2024
Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024
Leading sports charity, Podium Analytics, announces Trusted Research Environment for Global Sport
11 Apr 2024
SPORTACCORD 2024 INSIGHTS: Sport’s Perfect Storm
23 May 2024
SportAccord Media Partners will ensure global audiences are primed with latest news in sport
02 Mar 2024
Yutang Sports
loading...